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Biopsy Devices Market by Product Application Guidance & by End User - Global Forecast to 2022

Biopsy Devices Market: Global Forecast until 2022

  • August 2017
  • 223 pages
  • ID: 5069843
In this report:
ACCORDING TO DATA PUBLISHED BY GLOBOCAN 2012, THE NUMBER OF PEOPLE DIAGNOSED WITH CANCER IN JAPAN IS EXPECTED TO INCREASE BY ##%, FROM ##,## IN 2012 TO APPROXIMATELY ##,## BY 2020.
THE TOTAL HEALTHCARE SPENDING IN GERMANY IS EXPECTED TO INCREASE TO ##.##% OF ITS GDP BY 2017 FROM ##.##% IN 2014, REPRESENTING AN ANNUAL INCREASE OF ##.##% DURING 2013 TO 2017.

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The overall biopsy devices market is estimated to rise at a compound annual growth rate of 6.80 percent.

The overall biopsy devices market is estimated to grow ~$2.4B by 2022 from ~$1.7B in 2017, at a compound annual growth rate (CAGR) of 6.8% during the forecast horizon. The significant growth in the number of people who have cancer, increasing number minimally invasive biopsies, and government actions in several countries & overall health organizations are the main factors responsible for the increase ot the biopsy devices market during the outlook period. On the other hand, Elements such as patient safety risks combined with biopsy devices leading to product recalls and risk of infections associated to biopsy procedures are anticipated to hinder the increase of this market to a certain extent.

The needle-based biopsy instruments segment is anticipated to grow at the quickest rate during the estimate period.

By product, the overall biopsy devices market is broken down into needle-based biopsy instruments, procedure trays, localization wires, and other products including forceps, markers, probes, punches, curettes, and sutures. The needle-based biopsy instruments segment is projected to register the highest CAGR (Compound annual growth rate) during the outlook period owing to growing preference for minimally invasive surgeries and higher preference for needle-based biopsies over open surgical biopsies.

The breast biopsy segment controled the biopsy devices market in 2016.

On the basis of application type, the biopsy devices market is split into breast biopsy, lung biopsy, colorectal biopsy, prostate biopsy, and others.In 2016, the breast biopsy segment recorded for the main share of the overall biopsy devices market.

This is primarily due to the growing prevalence of breast cancer and increasing awareness of the disease.

Stereotactic-guided biopsy segment to witness the more important rise during the estimate period.

On the basis of guidance technique, the biopsy devices market is divided into ultrasound-guided biopsy, stereotactic-guided biopsy, magnetic resonance imaging -guided biopsy, and other guidance techniques (positron emission tomography, fluoroscopy, and thermography).The stereotactic-guided segment is anticipated to register for the highest compound annual growth rate (CAGR) during the outlook period.

This is primarily due to the advantage of this guidance technique in evaluating even tiny masses which are not visible on ultrasound; furthermore, it is a cost-effective procedure as compared to open surgical biopsies and leaves fewer scars with almost no pain.

APAC to witness the more significant increase during the estimate period.

Geographically, the overall biopsy devices market is mostly broken down into five main geographies, that is, North America continent, EU, APAC, Latin America area, and the Middle East & African continent.In 2016, North America (NA) commanded a main share of the overall biopsy devices market.

Nevertheless, Asia-Pac is anticipated to witness the highest increase during the outlook period. The significant increase of the Asia-Pacific market is essentially attributed to the big population in territories such as China (CN) and India (IN), increasing prevalence and awareness of cancer, improving healthcare infrastructure, rising healthcare spending, growing per capita income, government actions, and growing focus of top market actors in the territory.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 42.0 percent, Tier 2 - 38.0 percent and Tier 3 - 20.0 percent

• By Description - C-suite - 40.0 percent, D-level - 35.0 percent, Others - 25.0 percent

• By Area - North America continent - 35.0 percent, Europe (EU) - 30.0 percent, Asia Pacific (APAC) - 20.0 percent, RoW - 15.0 percent

Some of the prominent actors in the biopsy devices market contain C.R.

Bard, Incorporated, Becton, Dickinson and Organization, Cook Group Incorporated, Devicor Medical Products, Incorporated,, Argon Medical Devices, B. Braun Melsungen AG, Cardinal Health, Incorporated, Olympus Corporation, Boston Scientific Corporation, FUJIFILM Holdings Corporation, INRAD, Incorporated, and Medtronic plc.

Segment Research

The market research examines the different types of biopsy devices in the sector and their adoption patterns.It aims at evaluating the market value and future increase potential of the biopsy devices market for distinct segments including product, guidance technique, application, final user, and area.

The industry report also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and industry strategies.

Why Purchasing This Study Can Help You:

The study will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate organizations in garnering a greater market share. Companies obtaining the analysis could use any one or combination of the below-mentioned five strategies for strengthening their market position.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product types provided by the top actors in the biopsy devices market

• Product Development/Innovative products: In-depth understanding on the next trends, analysis and growth activities, and recent product launches in the biopsy devices market

• Market Development: Highlighted information about profitable emerging sectors by product, guidance technique, application, end-user, and area

• industry diversification: Complete information about recent products, increasing geographies, recent evolutions, and market investments in the biopsy devices market

• opposing assessment: In-depth assessment of increase strategies, products, and manufacturing competences of key players in the biopsy devices market

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